SpaceX IPO would eclipse Tesla in market value while holding less Bitcoin — challenging the idea of a Bitcoin proxy
CryptoSlate
SpaceX’s potential $2 trillion IPO could make it a major Bitcoin-holding public company, though its valuation is driven by infrastructure, not crypto assets.Summary
SpaceX is reportedly preparing for a massive IPO with a potential $2 trillion valuation, which would surpass Tesla to become one of the world's most valuable companies. While SpaceX holds 8,285 Bitcoin, this represents less than 0.03% of its total valuation, distinguishing it from companies like MicroStrategy that function primarily as Bitcoin proxies. Instead, SpaceX’s market appeal is rooted in its dominance in commercial space launches, defense, and the Starlink satellite network, offering investors exposure to a massive industrial infrastructure business rather than a crypto-focused asset.
(Source：CryptoSlate)